Evernorth Shares Open 5% Higher in Nasdaq XRP Treasury Debut
Photo: TokenPost
Evernorth Holdings shares rose 5% at the Nasdaq opening Monday, giving investors a public-market vehicle focused on holding and managing XRP. The company trades under the ticker XRPN and expects to hold about 473 million XRP, valued at $657 million at the stated price. Evernorth said the position would make it the largest publicly traded XRP treasury company. Evernorth also appointed Hugo Jeandesboz as chief investment officer. The former Coinbase Asset Management co-chief investment officer will oversee treasury allocation, liquidity management and the active management of the company’s XRP holdings.
Source: TokenPost
